Duplex Townhome with
For Sale
$999,900
1400 West Blvd, Charlotte, NC 28208
Proposed duplex construction with two residences, private balconies, attached garages, and adaptable bonus areas.
Property Size3,967 SF
Price / SF$252.05
Days on Market72
Property Features for 1400 West Blvd
General Information
Standard status
Active
Size
3,967 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Public Transit
Yes
Amenities
private balcony
flexible bonus space
Building Details
Buildings
1
Construction
duet-style
Listing Agency:
CEDAR REALTY LLC
(704) 305-4178
Listed By:
Brandon Chase · License #249103
(704) 305-4178
Source:
Exprealty
Added: Jun 11
Changed: Aug 20
Last Checked: Aug 20 at 12:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CEDAR REALTY LLC
Investment Insights
Based on property information with market context.
Proposed construction presents a duet-style townhome configured as two private residences within one building. The property totals 3,967 heated square feet, with each side offering three bedrooms, 2.5 baths, open-concept living areas, a private balcony, an attached 1-car garage, and flexible bonus space. Select finishes may be customizable during construction.
The South End setting places the property minutes from Uptown, dining, breweries, shopping, rail transit, and major employment centers. The two-residence layout supports separate occupancy, leasing both units, or combining owner occupancy with rental use. Its configuration also accommodates multigenerational living and other ownership arrangements described for the property.
The South End setting places the property minutes from Uptown, dining, breweries, shopping, rail transit, and major employment centers. The two-residence layout supports separate occupancy, leasing both units, or combining owner occupancy with rental use. Its configuration also accommodates multigenerational living and other ownership arrangements described for the property.
Key Highlights
- 3,967 heated square feet across two private residences
- Each unit includes 3 bedrooms and 2.5 baths
- Private balcony and attached 1‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,124
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,480
$1.0M
Cap Rate 7%
$744,629
$744.6K
Cap Rate 9%
$579,156
$579.2K
Market Conditions
NOI Build-Up for 3,967 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.5K $19.80/SF
− Vacancy
−$4.1K −$1.03/SF
EGI
$74.5K $18.77/SF
− OpEx
−$22.3K −$5.63/SF
NOI
$52.1K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,480
Cap Rate 7%
$744,629
Cap Rate 9%
$579,156
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.6K – $868.7K
NOI $52,124 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,471 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Proposed duplex construction with two residences, private balconies, attached garages, and adaptable bonus areas.
Where is this duplex located?
The property is located at 1400 West Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,967 heated square feet across two private residences; Each unit includes 3 bedrooms and 2.5 baths; Private balcony and attached 1‑car garage for each residence
